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Prime Restaurant Location North Shore
Location Massachusetts,United States
Asking Price Range < $250K
Gross Revenues $520000
Net Profit / Cash Flow $65000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1994
Number of Employees 6 - 9
Inventory 120000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Training will be provided.
Reason for Sale Other interests.
Description This space is loaded with opportunity; it is a prime location that is a highly visible and accessible site with tremendous growth potential. This location is ideal for almost any concept. The site is currently an Asian concept but might have greater potential with a concept of more general appeal and/or more focus on alcohol sales. Perfect for a Chef, Owner/Operator.
FACILITY: This stand alone restaurant space is approximately 3,000 square feet with a 160 person seating capacity. The space consists of a large bar & dinning area and two function rooms.
PARKING: There is a private parking lot and free on street parking
EQUIPMENT: Is in good condition and has been well maintained and is of good quality.
CONCEPT: Asian Cuisine & Cocktails
SEATING: There is seating for approximately 160 persons. This seating includes two functions rooms with 30 seats each. The layout is functional and allows the seating to be used interchangeably.
HOURS: 11:30 AM- 10:30 PM
LICENSES: Full Liquor, TV Entertainment, C.V.
RENT: $9,000 per month
LEASE: The current lease has seven (7) years remaining with renewal Options available
SALES: Approximately $520,000 in 2008. (Historically $850,000 annually)
CASHFLOW: Approximately $56,000 in 2008
ASKING PRICE: $210,000 (Or Best Offer)
Contact for more information on this Restaurant for sale.
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